Evolve Canadian Equity UltraYield ETF (CANY.TO) Alternatives

Evolve Canadian Equity UltraYield ETF (CANY.TO) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CANY.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to CANY.TO

CANY.TO charges 0.40% annually. Among ETFs in the Derivative Income category, these options have the lowest expense ratios among CANY.TO alternatives.

Symbol	Name	Expense Ratio	Inception
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	0.04%	Jul 5, 2023	CANY.TO vs USCL.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	0.29%	Nov 6, 2025	CANY.TO vs EQLI.TO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	0.29%	Aug 22, 2025	CANY.TO vs ECHI.TO
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	0.35%	Sep 12, 2024	CANY.TO vs HBIL.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	0.35%	Sep 27, 2024	CANY.TO vs JEPI.TO

Best Risk-Adjusted Alternatives to CANY.TO

Among ETFs in the Derivative Income category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	97	Jun 8, 2022	CANY.TO vs HLIF.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	97	May 16, 2011	CANY.TO vs BKCC.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	96	Jul 5, 2023	CANY.TO vs BKCL.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	96	Feb 3, 2017	CANY.TO vs ZWC.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	96	Feb 1, 2022	CANY.TO vs BANK.TO

Top Performing CANY.TO Alternatives (YTD)

CANY.TO alternatives from the Derivative Income category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
EMAX.TO	Hamilton Energy YIELD MAXIMIZER ETF	31.32%	Feb 6, 2024	CANY.TO vs EMAX.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	30.98%	Oct 10, 2023	CANY.TO vs ENCL.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	21.92%	Apr 11, 2011	CANY.TO vs ENCC.TO
HUTE.TO	Harvest Equal Weight Global Utilities Enhanced Inc...	12.55%	Oct 25, 2022	CANY.TO vs HUTE.TO
ZWU.TO	BMO Covered Call Utilities ETF	11.68%	Oct 20, 2011	CANY.TO vs ZWU.TO

Lowest Volatility Alternatives to CANY.TO

CANY.TO alternatives from the Derivative Income category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	1.86%	Sep 12, 2024	CANY.TO vs HBIL.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	7.81%	Jun 14, 2023	CANY.TO vs UMAX.TO
ZWU.TO	BMO Covered Call Utilities ETF	9.12%	Oct 20, 2011	CANY.TO vs ZWU.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	9.54%	Jun 8, 2022	CANY.TO vs HLIF.TO
HPYT.TO	Harvest Premium Yield Treasury ETF A	9.62%	May 30, 2024	CANY.TO vs HPYT.TO

Lowest Drawdown Alternatives to CANY.TO

CANY.TO alternatives from the Derivative Income category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	-1.30%	Sep 12, 2024	CANY.TO vs HBIL.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	-6.23%	Jun 14, 2023	CANY.TO vs UMAX.TO
ZWU.TO	BMO Covered Call Utilities ETF	-6.71%	Oct 20, 2011	CANY.TO vs ZWU.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	-7.71%	May 16, 2011	CANY.TO vs BKCC.TO
HPYT.TO	Harvest Premium Yield Treasury ETF A	-7.76%	May 30, 2024	CANY.TO vs HPYT.TO

Other ETFs from Evolve

Most popular Evolve ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
QQQT.TO	Evolve NASDAQ Technology Index Fund CAD Hedged	Technology Equities	74	-9.31%	Jul 11, 2023	CANY.TO vs QQQT.TO
UTES.TO	Evolve Canadian Utilities Enhanced Yield Index Fun...	Derivative Income	89	9.57%	Sep 3, 2024	CANY.TO vs UTES.TO
QQQY.TO	Evolve NASDAQ Technology Enhanced Yield Index Fund	Derivative Income	66	-9.65%	Oct 6, 2025	CANY.TO vs QQQY.TO
EBNK.TO	Evolve European Banks Enhanced Yield ETF Hedged CA...	Financials Equities, Derivative Income	58	-4.60%	Jan 7, 2022	CANY.TO vs EBNK.TO
BIGY.TO	Evolve US Equity UltraYield ETF	Large Cap Blend Equities	—	-19.53%	Sep 9, 2025	CANY.TO vs BIGY.TO
SIXY.TO	Evolve Big Six Canadian Banks UltraYield Index ETF	Financials Equities	—	0.37%	Dec 1, 2025	CANY.TO vs SIXY.TO
OILY.TO	Evolve Canadian Energy Enhanced Yield Index Fund E...	Energy Equities	73	30.30%	Mar 26, 2025	CANY.TO vs OILY.TO
TECH.TO	Evolve FANGMA Index ETF Hedged CAD	Technology Equities	40	-9.64%	May 4, 2021	CANY.TO vs TECH.TO
HISA.NEO	Evolve High Interest Savings Account ETF	Money Market	99	0.30%	Nov 19, 2019	CANY.TO vs HISA.NEO
HISU-U.TO	Evolve US High Interest Savings Account Fund	Money Market	99	0.60%	Aug 30, 2022	CANY.TO vs HISU-U.TO

Often Compared With CANY.TO

What investors most often compare with CANY.TO, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
CDAY.NEO	Hamilton Enhanced Canadian Equity DayMAX ETF	Derivative Income, Canada Equities	—	3.53%	Jul 14, 2025	CANY.TO vs CDAY.NEO
BIGY	YieldMax Target 12™ Big 50 Option Income ETF	Derivative Income	71	-5.58%	Nov 20, 2024	CANY.TO vs BIGY
HHIS.TO	Harvest Diversified High Income Shares ETF	Derivative Income	41	-14.58%	Jan 16, 2025	CANY.TO vs HHIS.TO
VOO	Vanguard S&P 500 ETF	S&P 500	65	-4.42%	Sep 7, 2010	CANY.TO vs VOO
HDIV.TO	Hamilton Enhanced Multi-Sector Covered Call ETF	Derivative Income	92	3.20%	Jul 19, 2021	CANY.TO vs HDIV.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	57	-8.12%	Feb 4, 2022	CANY.TO vs HYLD.TO
DFN.TO	Dividend 15 Split Corp.		97	0.09%	—	CANY.TO vs DFN.TO
HHIC.TO	Harvest Canadian High Income Shares ETF	Canada Equities, Derivative Income	—	9.05%	Aug 19, 2025	CANY.TO vs HHIC.TO
^GSPC	S&P 500 Index		74	-4.63%	—	CANY.TO vs ^GSPC
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	97	9.07%	Nov 2, 2012	CANY.TO vs VDY.TO
INTY.TO	Evolve International Equity UltraYield ETF	Derivative Income	—	—	Jan 14, 2026	CANY.TO vs INTY.TO
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	Canada Equities	98	-0.14%	Jun 26, 2020	CANY.TO vs HCA.TO
CRCY.TO	Harvest Circle Enhanced High Income Shares ETF Cla...	Derivative Income	—	1.83%	Sep 26, 2025	CANY.TO vs CRCY.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	Canada Equities	96	3.87%	Apr 24, 2012	CANY.TO vs TLV.TO
HEWB.TO	Global X Equal Weight Canadian Banks Index Corpora...	Canada Equities	98	1.56%	Jan 22, 2019	CANY.TO vs HEWB.TO
HVOI.TO	Harvest Low Volatility Canadian Equity Income ETF ...	Canada Equities	—	1.09%	Apr 11, 2025	CANY.TO vs HVOI.TO
ETSX.TO	Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged	Large Cap Blend Equities	89	0.82%	Jan 9, 2023	CANY.TO vs ETSX.TO
ETC.TO	Evolve Cryptocurrencies ETF	Cryptocurrency	6	-23.10%	Aug 21, 2024	CANY.TO vs ETC.TO
DMEC.TO	Desjardins Canadian Equity Index ETF	Canada Equities	94	3.74%	Apr 15, 2024	CANY.TO vs DMEC.TO
SDAY.NEO	Hamilton Enhanced U.S. Equity DayMAX™ ETF	Derivative Income	—	3.41%	Jul 14, 2025	CANY.TO vs SDAY.NEO

Compare CANY.TO with Any Fund or Stock

Compare CANY.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Evolve Canadian Equity UltraYield ETF

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